How has Brexit affected small business exports?

Since the EU referendum the drop in the value of the pound
is devastating for businesses buying their goods and services in dollars and
euros.

Are you ready to start exporting?

Margins are being eroded in the short term and prices will need to be increased in the longer term if GBP does not recover. But for those who sell their products and services overseas,
the value they are receiving in dollars and euros is giving them a higher
income on their sales.

Should you consider overseas sales to maintain or increase your business income?

Many of our clients have been selling overseas for some time, the internet makes this easier than before and (relatively) cheap and easy travel means, if necessary, you can physically be elsewhere. If you have expertise which is valued here, it is equally likely to be valued overseas, possibly more so.

But, it’s a challenge and requires focus and a strategy, like any other business development.

I love the summer for sitting back and reflecting on the
year. Thinking back to the dark days of
winter and forward to the joy of Christmas time. Now is the ideal time to review how your
business is going and as you revive yourself through holidays and sunshine
you’ll be well placed to make any changes come the autumn.